Best Places 2013
Follow these easy tips to upgrade to your dream house—or make a bundle offloading an old pad.
Photo by Eric Roth. Architecture by Stern McCafferty
Before You Buy…
Do some digging. For a true picture of what you’re up against, you need to go deep into the stats, says Coldwell Banker’s Lara Gordon. If you look at the overall numbers, condo prices were up just 2.5 percent in Cambridge and Somerville in 2012. But prices for two-bedroom, one-bath listings in Cambridge jumped 21.5 percent, while in Somerville, prices for one-bedroom, one-bath units were up by 23.7 percent. Ask your broker for a detailed breakdown on exactly the type of property you’re looking for, so you’ll know what to expect.
Scan your credit history. “Even though interest rates are at an all-time low, the credit markets are still very thorough,” says Brian Cavanaugh, a mortgage broker with Residential Mortgage Services. The higher your credit score, the better terms and conditions you’ll get. Make sure your record is pristine.
Get a mortgage guarantee. In such a rabid market, being pre-approved for a mortgage isn’t enough anymore, according to Michael DiMella, of the Greater Boston Association of Realtors. He suggests getting a bank-commitment letter fully approving your loan. “Sellers will sometimes take an offer that they feel more secure about,” he says, “even if it comes under on price.”
Go digital. Ask potential real estate agents up front if they typically speed up the paperwork process with electronic documents and signature software—crucial time savers when you’re scrambling to put in an offer. “In a market where things move so quickly,” Gordon says, “ I’m actually surprised that more agents haven’t gone completely electronic.”
Pay less over time. Cavanaugh says that interest rates are so low that he’s seeing an uptick in shorter-term fixed-rate mortgages. “People are lowering terms, so instead of your basic 30-year fixed mortgage, they’re opting for a 20- or 15-year fixed-rate mortgage. Your payment is more, but you’re paying less interest and building equity faster,” he says.
Sellers, Take Note…
Stage early. You may think the clock starts with the first open house, but the pictures are what actually kick off the selling process. Turning on lamps during a shoot is key. “Natural light casts blue,” says Julie Chrissis, of Chrissis & Company Interiors. “Lamps throw yellow light and most people relate to that warm feeling.” Limit your listing to 10 to 15 images. Anything more just overwhelms.
Ban the books. We’re a well-read city, but the idea of living inside a library can leave buyers feeling claustrophobic. If you want to keep a few tomes on display, align the bindings on the edge of a shelf. And pack away anything that might be off-putting. “I worked with a gynecologist who had books on topics no homebuyer wants to see,” Chrissis says.
Update your paint. New paint is the cheapest way to overhaul a room. “Fresh paint can really clean the whole house up, get rid of all the scuff and dirt marks that bear traces of someone else,” says Heidi Pribell, an interior designer and stager. Chrissis sees two Benjamin Moore colors going up all over town: Creamy Linen White was used in all the residences at the Ritz, and Manchester Tan, a soft beige, adds warmth to any room.
Stash personal effects. “You want buyers to come in and feel comfortable, not like they’re trespassing,” Pribell says. While wedding photos and graduation pictures must go, Chrissis suggests keeping a few “nondescript” candids on hand. “A buyer should ask, ‘Did that come with the frame?’”
Pack up the home office. “With our community of entrepreneurs, I see a ton of people who work from home…but most don’t do so in the neatest way,” Chrissis says. Since home offices are the hardest to photograph for MLS listings, consider boxing things up here first.
Leave the lights on. Do agents a favor and illuminate your home before potential buyers arrive. The last thing you want is someone fumbling through your bedroom looking for a lamp.
Source: http://www.bostonmagazine.com/news/article/2013/02/26/boston-real-estate-tips-buying-selling/
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Purchasing any property is a huge leap forward for any individual, especially when it is their first time doing so. This can be a time of great stress due to the feeling of commitment and your expenses that incur. Let the following proven real estate tips take the stress out of your own investments.
Ready To Buy Real Estate?
Use These Tips! Get a professional to look at the building you want to buy. It will require a fair amount of money, but the advantage over having someone you know inspect the home is that you can hold a bad inspection against a professional inspector, while there is little you can do to a relative.
Tips To FHA Financing For The First Time Buyer
If you are trying to purchase a home but the seller rejected your offer, do not worry, there may be other options or methods you can utilize to make the home more affordable. Perhaps the seller will offer to cover the closing costs or pay for the some of the property's needed repairs .
Keep an open mind in regard to what elements are the most critical in your real estate hunt. You might not get your perfect home, but you can afford another one. If you don't find the home of your choice in an area that you want to live in, look for a different home. At some point you may want to look in a different neighborhood.
Research rental properties.
Whenever you are thinking about buying rental property, don't make any decisions until you have thoroughly reviewed all necessary records going back at least two years. You need this information because you must make sure the seller is providing you with the most accurate information on what you can expect the rental property to generate money wise. Your lender will also want some sort of income verification prior to issuing you a loan.
If you have kids, you need to make sure there is enough room for the family. Be mindful of safety also, especially if the house you are viewing has a pool or stairs. If children have been raised in this house, it should be safe.
Do your research before you invest in a property.
Many people jump into the property market too quickly, make bad purchases, and end up losing a lot of money and time. So, before buying any property, make sure that you find out about the surrounding area, the local crime rate, the age of the property, etc.
Before you begin thinking about purchasing real estate, get organized. Keep a notebook of information that you collect from your agent, friends, and from online or printed sources. This way, all of your data can be found in one place when you need to reference it.
Lots of down payment assistance plans exist.
You should aim to research any of the plans you think you could qualify for. If you take advantage of these, and also force the seller to pay the closing costs, you can buy a home without having to save a huge down payment.
Buying a new home can be a daunting experience, but if you do your research and use some common sense, you'll be in your new home in no time. After following these tips, you can become a smarter property buyer.
Advice That Will Help You In Your Property Investment
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ACERHOMES DEVELOPMENT CORP.
Room 701 7th Floor, Summit One Tower
530 Shaw Blvd., Mandaluyong City
Tel: 534-2237 loc. 37, 38, 52 / 532-2608
Fax: 533-3155
ACM LANDHOLDINGS INC.
4th Floor, CSJ Bldg., 105 Aguirre St.
Legaspi Village, Makati City
Tel: 840-2759 / 0922-879-3158
Fax: 813-1278
ADDAS DEVELOPMENT CORP.
Penthouse Addio Centre
E. Aguinaldo Highway
Bacoor, Cavite
Tel: 046-417-1864 / 046-417-1044
Fax: 046-417-1935
ADDIO PROPERTIES INC.
Penthouse Addio Centre, Aguinaldo Hi-way
Talaba, Bacoor, Cavite
Tel: 906-3608 / (046) 417-2205
A.J. LEDESMA CONSTRUCTION CORP.
Penthouse, The Valero Tower, 122 Valero St.,
Salcedo Village, Makati City
Tel: 818-4521 / 818-6237
Fax: 813-2387
AJ MARK LANDHOLDINGS DEVELOPMENT CORP.
Annapolis Wilshire Plaza
7th Floor. Unit 710, No. 11 Annapolis St.
Greenhills, San Juan, MM
Tel: 725-4286 / 725-4294 / 724-3183 / 724-3178 / 724-5442
Fax: 724-3183
AJ MARK REALTY & DEVELOPMENT CORP.
Annapolis Wilshire Plaza
7th Floor, Unit 710, No. 11 Annapolis St.
Greenhills, San Juan, MM
Tel: 725-4286 / 725-4294 / 724-3183
724-3178 / 724-5442
Fax: 724-3183
AMBITION LAND INC.
37th Floor Orient Square Building, Don Francisco,
Ortigas Jr. Road, Ortigas Center, Pasig City
Tel: 687-6209 / 638-1215
ASIA LANDBEST PROPERTIES INC.
213 Imperia St., Cittadella Executive
Village, Las Piñas City 529-6283
Tel: 529-6121
Telefax: 529-6183
ASIATIC DEVELOPMENT CORP.
Asiatic Bldg., Phoenix Sun Business Park
E. Rodriguez Jr. Avenue, Libis, Quezon City
Tel: 913-3370 to 81
Fax: 913-3371
BAQUE CORP.
No. 85 Visayas Avenue, Quezon City
Tel: 920-2167 / 453-8981
BARKLANE REALTY CORP.
Unit 2106 Herrera Tower
Herrera corner Valero Sts., Ayala North, Makati City
Tel: 845-2120 to 22 / 845-0624 / 845-0851
Fax: 845-0623
BASIC HOUSING SOLUTIONS INC.
Asiatic Bldg., Phoenix Sun Business Park
E. Rodriguez Jr. Avenue, Libis, Quezon City
Tel: 913-3371 to 81
Fax: 913-3380
BJS DEVELOPMENT CORP.
1869 P. Domingo St., Makati City
Tel: 897-0770 / 896-7374 / 895-2731
BORLAND DEVELOPMENT CORP.
3F E. & V. Bldg., 1039 Quirino Highway
Novaliches, Quezon City
Tel: 520-8101 / 938-9316 / 937-2420
936-5238 / 936-9487 / 937-1987
Fax: 936-0926 / 420-8082
BREEZEWOODS DEVELOPMENT CORP.
Unit 304 Guadalupe Commercial Complex,
Guadalupe Nuevo, Makati City
Tel: 881-8071 / 881-8067
BUMBARAN DEVELOPMENT CORP.
Suite 205 Borres Bldg. No. 4 Ilang-Ilang St.,
New Manila, Q.C.
Tel: 735-2976 / 735-2862 / 724-5493
CASA REGALIA INC.
Upper Ground Floor, Annex@Shaw Bldg.
Shaw Blvd. Mandaluyong City
Tel: 534-1377 / 535-1605
Fax: 531-0364
CASIMIRO DEVELOPMENT CORP.
2nd Floor, Casimiro Bldg., Alabang-Zapote Rd.
Zapote, Las Piñas City
Tel: 874-9944 / 873-0786
Fax: 874-9944
CDC REALTY INC.
2nd Floor, Planters Products Bldg.
109 Esteban St., Legaspi Vill, Makati City
Tel: 813-8331 Loc. 117 & loc 109 / 750-1289
Fax: 812-6244
CERES HOMES
Loma De Gato Marilao Bulacan
Tel: 533-3915 / 533-3917
CHARLES BUILDERS COMPANY INC.
Unit 2106 Herrera Tower,
Herrera Cor. Valero Sts., Ayala North
Makati City
Tel: 845-2122 / 845-0851 / 845-2120 / 845-0624
Fax: 845-0623
CITIHOMES DEVELOPMENT CORP.
8th Floor, Don Chua Lamco Bldg
H.V. Dela Costa St cor L P Leviste St
Salcedo Vill Makati City
Tel: 753-1234 / 753-1143 / 753-4536 loc 110
Fax: 753-1137
CONSTRUCTION STRATEGIES & MANAGEMENT CORP.
Unit 2106 Herrera Tower, Herrera Cor.
Valero Sts., Ayala North
Makati City
Tel: 845-2122 / 845-2120 / 845-0851 / 845-0624
Fax: 845-0623
COSTA VILLA REALTY & DEVELOPMENT CORP.
1864 Leon’s Building, Ortigas Avenue
Rosario, Pasig City
Tel: 710-0067
COTTONWOOD REALTY COMPANY, INC.
Unit 302, Sycamore Bldg., Zapote Rd.
Buencamino St., Alabang, Muntinlupa City
Tel: 807-2179 / 807-8422
CRC REALTY DEVELOPMENT CORP.
63 A. Mabini St.
San Pedro, Laguna
Tel: 847-5987 / 869-0115
Fax: 868-5229
CUMBERLAND DEVELOPMENT CORP.
2nd Floor, Sundrel Business Center
No. 25 J.P. Rizal St.
Sala, Cabuyao Laguna
Tel: 584-4011
CYPRESS GROVE ESTATES CORP.
12th Floor, Equitable Bank Tower
8751 Paseo De Roxas, Makati City
Tel: 886-0133 / 523-8175
Fax: 303-3794
DELFIN HERMANOS, INC.
1725 Macario Adriatico St.
Malate, Manila
Tel: 5238175 / 5238176 / 5238177 / 5238178
Fax: 5238179
DMC URBAN PROPERTY DEVELOPERS, INC.
2F Dacon Bldg., 2281 Don Chino Roces Ave.
Makati City
Tel: 816-7177 / 810-5840 / 810-5780
Fax: 816-7181
DMCI PROJECT DEVELOPERS INC.
Ground Floor, Dacon Bldg., 2281 Don Chino Roces Ave.
Makati City
Tel: 324-8888 Loc. 5329 / 888-3333 / 888-3000
Fax: 523-8179
DDC LAND (DRYDOCK CORP.
1406 Marbella 1 Condo. 14th Floor, Unit 6
2223 Roxas Blvd., Pasay City
Tel: 551-2221 / 551-1128
Fax: 551-1130
DREAMHAUZ MANAGEMENT & DEVELOPMENT CORP.
Room 401 ANSA II Bldg.
1078 Don Chino Roces Avenue, Makati City
Tel: 514-8873 / 895-9721
Telefax: 890-7583
DURAVILLE REALTY & DEVELOPMENT CORP.
Durawood Bldg., 177 Sumulong Highway cor B. Soliven
Bo. Mayamot, Antipolo City
Tel: 645-3977 loc. 119
Fax: 645-7991
DYNAMIC REALTY & RESOURCES CORP.
Suite 2203 B, 22nd Floor Stock Exchange Ctr
East Tower Exchange Road, Ortigas Center, Pasig City
Tel: 634-6754 or 56
Fax: 634-8663
EARTH ASPIRE CORP.
37th Floor, Orient Square Bldg Emerald Ave
Ortigas Pasig City
Tel: 687-6209 / 638-1215
EARTH PROSPER CORP.
Pavillion Mall Complex,
Mamplasan Road, Biñan, Laguna
Tel: 687-3524 / 687-6209
Fax: 637-4440
EARTH+STYLE CORP.
39/F Joy-Nastalg Center, ADB Ave.
No. 17 Pasig City
Tel: 470-1093
Fax: 637-4440
EASTVILLE REALTY CORP.
101 Missouri Square Bldg.,
Missouri Connecticut St., Greenhills,
San Juan, M.M.
Telefax: 721-7211
EHPI DEVELOPMENT CORP.
Unit 5C, Unioil Center Commerce Avenue
Cor. Acacia Avenue, Madrigal Business Park
Alabang, Muntinlupa City
Tel: 556-0888 / 809-5862
EXTRAORDINARY DEVELOPMENT CORP.
Unit 606 6th Floor, Diplomat Bldg., Cor. Roxas Blvd.
Baclaran, Pasay City
Tel: 852-3219 / 852-3202-4232
Fax: 853-0371
F & E DE CASTRO CORP.
314 Real Street Las Piñas City
Tel: 529-8921 / (046)-872-4607
FEDICON CONSTRUCTION & DEVT. CORP.
2nd Floor, DYC Bldg., J. Gonzales St.
Binan, Laguna
Tel: (049) 411-1302 / 515-2382
FELICIDAD REALTY INC.
3rd Floor, Manahan Bldg.
Aurora Blvd cor Anonas Road
Cubao, Quezon City
Tel: 913-6247 / 913-5059
FILINVEST LAND INC.
173 P. Gomez St., San Juan Metro Manila
Tel: 727-0431 Loc 163 or 638
Fax: 723-1332
FINBAR REALTY & DEVELOPMENT CORP.
80 Ramon Delfin St., Marulas, Valenzuela City
Tel: 444-1076
FIRST ADVANCE DEVELOPMENT CORP.
6th Floor Westar Bldg.
611 Shaw Blvd.,
Pasig City
Tel: 638-1211 to 14
Fax: 636-5435
FIRST SOLID PROPERTY DEVELOPMENT INC.
First Solid Corp.
Paliparan I, Dasmariñas, Cavite
Tel: 6800-5044 / 6800-5014
Telefax: 6700-1565
FORTE REALTY CORP.
5th Floor, Kalayaan Bldg., 164 Salcedo St.
Cor. Dela Rosa St., Legaspi Village, Makati City
Tel: 810-7577 / 810-7868 / 810-7767
Fax: 810-7944
FUTURISTIC PROPERTIES INC.
4th Floor, 400-I Delata Bldg. West Ave.
cor. Quezon Ave., Quezon City
Tel: 376-6214 to 16 / 721-9967 722-4529 / 725-1050
GEC LAND DEVELOPMENT CORP.
Unit 2106 Herrera Tower, Herrera Cor.
Valero Sts., Ayala North
Makati City
Tel: 845-2120 to 22 / 845-0851 / 845-0624
Fax: 845-0623
GOLD STAR REALTY & DEVELOPMENT CORP.
No. 25 Marcos Highway, Mayamot
Antipolo City
Tel: 681-4993 / 681-4994
GRAND ALLIED DEVELOPMENT CORP.
222 BPI Bldg., Plaza Cervantes
Binondo Manila
Tel: 364-5108 / 364-3227
GREPALAND INC.
4th Floor, Grepalife Bldg.
221 Sen. Gil Puyat Avenue
Makati City
Telefax: 889-8286 to 87
HAMMERCON INC.
B49 L11 Neovista Homes Subd.
Bagumbong Road, Caloocan City
Tel: 983-5801 to 31 / 271-4113 to 14
Fax: 983-0686
HAUSKON HOUSING & CONSTRUCTION PRODUCTS CORP.
555 Governor's Drive, Langkaan 1
Dasmarinas, Cavite
Tel: (046) 973-0596/ 95 / (046) 973-3198-99
Fax: (046) - 402-0168
HAUSPLUS VENTURES, INC.
Unit 1007 Annapolis Wilshire Plaza
No. 11 Annapolis St., Greenhills, San Juan, M.M.
Tel: 722-6655 / 722-7400
Fax: 724-0280
HOMEMARK, INC.
Unit C. San Antonio Bldg
No. 1595 Quezon Ave., Quezon City
Tel: 920-3977 / 666-1613 / 0922-828-6421
Fax: 414-7480
HOMEVILLE DEVELOPMENT CORP.
2 Kadalagahan St., J.C. Pascual Bldg.
Taytay, Rizal
Tel: 257-2641 / 0927-569-1308
HOUSEHOLD DEVELOPMENT CORP.
Camella Center, National Road
1747 Talon Las Pinas, Metro Manila
Tel: 772-3172 Loc 120 / 850-8043
IMUS PROPERTIES CORP.
Unit 2106 Herrera Tower, Herrera Cor.
Valero Sts., Ayala North
Makati City
Tel: 845-2120 to 22 / 845-0851 / 845-0624
Fax: 845-0623
JCR HOLDINGS CORP.
Unit 7, 2nd Floor, A Francisco Gold Condominium I
784 EDSA Kamias, Quezon City
Tel: 9213404
K-BON CONSTRUCTION CORP.
B17 L4 Birch Tree St., Oro Vista Royale
Antipolo City
Tel: 682-2908 / 681-0911
KAINOS DEVELOPMENT CORP.
295 Quirino Highway, Baesa, Q.C.
Tel: 361-6223 / 455-2658
Fax: 361-4703
KAISER REALTY DEVELOPMENT CORP.
6th Floor Westar Bldg.
611 Shaw Blvd.
Pasig City
Tel: 638-1211 to 14
Fax: 636-5435
L. K. GLOBAL REALY & DEVELOPMENT CORP.
8-A Garden Level, Bonaventure Plaza
Ortigas Ave., Greenhills, San Juan
Tel: 725-5071 / 725-3681 / 725-6529
Fax: 744-0050
LA PAZ HOLDINGS & DEVELOPMENT CORP.
6th Floor, La Paz Centre, V. A. Rufino cor. Salcedo St.
Legaspi Village, Makati City
Tel: 894-2836 to 43
Fax: 812-3870
LANDCO PACIFIC CORP.
3rd Floor, Centermall Bldg.
No. 51 President Avenue
BF Homes, Paranaque City
Tel: 836-5171
Fax: 863-5001
LGTM CORP.
8th Floor, Antel Global Corporate Center,
Julia Vargas Ave., Ortigas Ctr, Pasig City
Tel: 637-9152 / 687-6825 to 36
LLSP DEVELOPMENT CORP.
M/F Belson House
271 EDSA, Mandaluyong City
Tel: 722-6253 / 725-4073
LOREMAR REALTY CORP.
165 Loremar Bldg, M.L Quezon St.
Antipolo City.
Tel: 994-3609
Telefax: 697-1068
MARIGOLD HOMES INC.
118 M H Del Pilar St., Calumpang Marikina City
Tel: 681-3416
Fax: 681-3415
MASAITO DEVELOPMENT CORP.
11th Floor, Phil AXA Life Center, Sen Gil Puyat Ave
Telefax: 751-6010 loc. 118 or 17
MALATE CONSTRUCTION & DEVELOPMENT CORP.
Ground Floor, The Mondrian Residences, 5321 East Drive,
Filinvest Corporate City, Alabang, Muntinlupa City
Tel: 659-0900 to 03
MIDLAND PROPERTIES CORP.
Room 1607, 16th Floor, Cityland 10 Tower II,
H.V. Dela Costa St., Salcedo Village, Makati City
Tel: 816-0997 / 892-4860
MOLDEX REALTY, INC.
Moldex Bldg., Ligaya St.
Cor. West Ave., Q.C.
Tel: 373-8888 Loc. 288
Fax: 373-2525
MONTALBAN REAL ESTATE & DEVELOPMENT CORP.
Col S. Cruz St Catherine Homes
Rodriguez, Rizal
Tel: 997-2243 / 997-2127
MR DELOS ANGELES REALTY DEVELOPMENT CORP.
3 Aranzazu St., San Mateo, Rizal
Tel: 570-1599 / 570-1600
TeleFax: 570-1599
MULTI-LAND PROPERTIES CORP.
Room 1607, 16/F Cityland 10 Tower II
H.V. Dela Costa St., Salcedo Village, Makati City
Tel: 816-0997 / 892-4860
MUNICIPALITY OF CARMONA
Municipality of Carmona, J.M. Loyola St.,
Poblacion 4, Carmona, Cavite
Tel: 0917-702-2683 / (046)430-2820 / (046) 430-1001
Fax: (046) 430-1001
THE NEW APEC DEVELOPMENT CORP.
2nd Floor, Sundrel Business Center
25 J. P. Rizal St., Sala
Cabuyao, Laguna
Tel: 584-4011 / (049) - 243-5184 to 85
Fax: (049) 243-4037 / (02) 694-3150
Branch:
1014 Quirino Highway
Novaliches, Quezon City
Tel: 694-3150 / 936-0928 / 936-0711
694-6129 / 049-531-7687
NGG PROPERTIES INC.
Penthouse ADDIO CENTRE Talaba
Bacoor, Cavite
Tel: 906-3608 / 494-3795 / 417-1864 Loc 046 / 417-3609
NICORP MANAGEMENT & DEVELOPMENT CORP.
Unit C San Antonio Bldg.
1595 Quezon Avenue
Quezon City
Tel: 920-3977 loc. 114 / 666-1613
NINE MILES HABITAT DEVT. CORP.
201 Goldhill Tower, Annapolis St.,
Greenhills, San Juan Metro Manila
Tel: 722-5845 to 46 / 723-3650
Fax: 726-0874
OLIVAREZ REALTY CORP.
Km. 22 National Hi-way, San Pedro Laguna
San Pedro Laguna
Tel: 808-4040
ONE ASIA DEVELOPMENT CORP.
41st Floor, JNC Bldg., ABD Ave., Pasig City
Tel: 638-3737
P.A. ALVAREZ PROPERTIES & DEVELOPMENT CORP.
Unit 3 & 4 Ambayec Commercial Centre
No. 1250 National Highway
Brgy. Nueva, San Pedro, Laguna
Tel: 808-1827 / 808-1828 / 847-6298 / 808-1000
Fax: 847-6298
P.A. ALVAREZ PROPERTY VENTURES INC.
(Formely Granwood Realty)
Unit 3 & 4 Ambayec Commercial Centre
No. 1250 National Highway
Brgy. Nueva, San Pedro, Laguna
Tel: 808-1827 / 808-1828
P.A. METRO RESIDENCE BUILDERS INC.
Stall 10, 11 & 12, 2nd Floor, Makati Square,
Chino Roces Ave., Brgy. Lorenzo, Makati City
Tel: 856-7869 / 856-7864 local 142 / 856-7866
Fax: 856-7869
PALATEX DEVELOPMENT CORP.
178 Ma. Clara St., Grace Park, Caloocan City
Tel: 365-8319 / 364-2112
Fax: 365-8326
PAMAHAY DEVELOPMENT CORP.
Room 202 2nd Floor, Evekal Bldg., Antonio Arnaiz Ave
Legaspi Village, Makati City
Tel: 818-5927
PAN-ASIA INVESTMENTS GROUP HOLDINGS CO.
2504 & 2505 Unionbank Plaza, Meralco Ave.
cor. Onyx St., Ortigas Center, Pasig City
Tel: 706-3388
Fax: 706-3311
PANTALUX DEVELOPMENT CORP.
178 Ma. Clara St., Grace Park, Caloocan City
Tel: 365-8319 / 364-2112
Fax: 365-8326
PATHLAND DEVELOPMENT CORP.
2503 East Tower, Phil. Stock Exchange Center
Ortigas Complex, Oritgas Center, Pasig City
Tel: 638-3262 Loc. 124
PHILOMENA PROPERTIES, PHIL. INC.
7065 General Tirona Hiway, Habay 1
Bacoor, Cavite
Tel: 844-0190 / 844-7867
PHINMA PROPERTY HOLDINGS CORP.
29 EDSA Mandaluyong City
Tel: 533-7777 loc 303 / 535-6800 loc 300
Fax: 535-3462
PHINTECSTAR CONSTRUCTION INC.
Suites 21 & 24, 3J Heights Bldg.,
No. 35 Visayas Avenue, Diliman, Q.C.
Telefax - 924-7251
Tel: 924-7252 / 924-7254
Fax:
PHOENIX SUN INTL. CORP.
3rd Floor, Gold Bldg., No. 15 Annapolis St.
Greenhills, San Juan, M.M.
Tel: 726-3377 / 726-3376
Fax: 726-3372
PLAZA REALTY DEVELOPMENT CORP.
No. 105 Neptune St., Bel-Air Village 2, Makati City
Tel: 850-3198 / 850-8215 / 809-1955
PLUS BUILDERS
1725 Macario Adriatico St.
Malate, Metro Manila
Tel: 523-8175
Fax: 303-3794
PRESTIGIOUS DEVELOPER & BUILDERS CORP.
77 Quirino Ave. Baclaran Paranaque City
Tel: 889-9398 / 751-8439 / 703-5776
PROGRESSIVE HOMES, INC.
5th Floor Cacho-Gonzales Bldg.
101 Aguirre St., Legaspi Village
Makati City
Tel: 817-4590 / 817-4692
Fax: 817-3440
PROMINENCE PROPERTY DEVELOPMENT CORP.
Unit 2501, Tycoon Centre, Pearl Drive
Ortigas Center, Pasig City
Tel: 706-1175 to 76
Fax: 706-1175 loc 104
PROPERTY COMPANY OF FRIENDS INC.
55 Tinio St., Brgy. Addition Hills
Mandaluyong City
Tel: 727-7000 loc 111
Fax: 727-7000 loc 123
PROSPERITY BUILDERS RESOURCES INC.
41st Floor, JNC Bldg., ABD Ave., Pasig City
Tel: 852-3202 to 19 loc. 4300
PS SARMIENTO & SONS INC.
121 Mother Ignacio St, QC
Tel: 373-3601/ 373-3617
PTR (PETER THE ROCK) PROPERTIES, INC.
C-1 Grand 21 San Rafael St.,
Kapitolyo Pasig City
Tel: 638-8188 loc 104 / 638-8008 / 638-0505
R-II BUILDERS, INC.
136 Malakas St., Diliman, Q.C.
Tel: 925-3301 to 08 loc. 107
RCD LAND INC.
2nd Floor, EGI Condominium
Medina St corner Roosevelt St.
Pio Del Pilar, Makati City
Tel: 815-1377 / 815-1379 / 815-1380
Fax: 815-1239
ROBINSONS HOMES INC.
Level 1 Robinsons Galleria, EDSA Entrance
EDSA cor Ortigas Ave., QC
Tel: 397-0309 / 397-0308 / 397-0356 / 683-6100 / 634-4386
Fax: 683-6311
ROPER CONSTRUCTION CORP.
No. 249 Quirino Hi-way, Q.C.
Tel: 722-1394 / 361-1448 / 453-7109
Fax: 362-4025
SAN MIGUEL PROPERTIES INC.
Ground Floor, SMC-Head Office Complex
No. 40 San Miguel, Mandaluyong City
Tel: 632-3261
Fax: 632-3267 / 632-3266
Sales Office:
Bel Aldea Subdivision
Brgy. San Francisco, General Trias, Cavite
Customer Care Hotline: 632 632-2000
SANVIL INC.
201 E Rodriguez Sr Blvd Q C
Tel: 726-5340 / 724-4529
SATELLITE HOUSING CONTRACTORS & DEVELOPERS INC.
7th Floor, State Condominium I, Salcedo St.
Legaspi Village, Makati City
Tel: 817-9838 / 810-0222
Fax: 817-7261
SENTOSA PARK PROPERTY DEVELOPMENT CORP.
1760 Evangelista cor Macabulos St
Bangkal Makati City
Tel: 721-0162
SHANG LAND DEVELOPMENT CORP.
Unit 2106 Herrera Tower, Herrera Cor.
Valero St., Ayala North, Makati City
Tel: 845-2120 to 22 / 845-0624 / 845-0851
Fax: 845-0623
SHAPELL HOMES, INC.
4th Floor, B & S Bldg., 1644 Evangelista St.
Bangkal, Makati City
Tel: 844-8876
Fax: 889-3684
SIBULO CONSTRUCTION & DEVELOPMENT CORP.
No. 63 A. Mabini St. San Pedro, Laguna
Tel: 868-5229 / 847-5987 / 869-0115
Fax: 868-5229
SM SYNERGY PROPERTIES HOLDINGS
Chateau Elysee Condominium
Dona Soledad Ave Ext Bicutan Paranaque City
Tel: 857-0100 loc 1143 / 831-1000 loc 1376
SOGO REALTY & DEVELOPMENT CORP.
110 Don Manuel cor. Banawe St., Q.C
Tel: 742-6790
SOLAR RESOURCES INC.
Solar Century Tower, 100 Tordesillas St.
Cor. H.V. Dela Costa Sts., Salcedo Villa.
Makati City
Tel: 9152120 / 9152124 / 9151870
812-7000 Loc 106,107, 109
Fax: 812-7885
STATELAND, INC.
3rd Floor, State Centre Bldg.
333 Juan Luna St.,Binondo, Manila
Tel: 245-0574 / 243-5555 loc 243
242-7602 / 243-5555 loc 248
SUNEAST RESOURCES & DEVELOPMENT CORP.
Unit 1 Facilities Center, Shaw Blvd.
Mandaluyong City
Tel: 531-3619 / 531-3692
SUNTRUST PROPERTIES, INC.
Ground Floor, One World Square, McKinley Hill
Fort Bonifacio, Taguig City
Tel: 856-9119 / 856-7015 loc. 217, 205 & 212 / 856-6721
Fax: 856-6722
TAHANANG YAMAN HOMES CORP.
41st Floor, JNC Bldg., ABD Ave., Pasig City
Tel: 852-0371
TREND REALTY & CONSTRUCTION INC.
137 B Mariano St Sta Ana San Mateo Rizal
Tel: 240-2638
URBAN ECO-LIVING DEVT. CORP.
Unit 2502 & 2503 Raffles Corporate Center
Ortigas Road, Ortigas Center, Pasig City
Tel: 393-0969 / 470-2758
VERDANTPOINT DEVELOPMENT CORP.
Room 701 7th Floor Summit One Tower
530 Shaw Blvd Mandaluyong City
Tel: 534-2237 loc. 37 / 38 / 52 / 532-2608
Fax: 533-3155
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BSP mulls hike in real estate exposure limit
By Prinz P. Magtulis (The Philippine Star) Updated October 12, 2012 12:00 AM
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) is open to raising real estate exposure limit of lenders with an official saying bank reports due by yearend will give regulators opportunity to analyze if there is a need to support economic growth.
“Our objective right now is to have an accurate picture to what extent, in totality, are our banks — thrift, commercial, banking groups — exposed to real estate. We will begin to get that data starting end of this year,” BSP Deputy Governor Nestor Espenilla Jr. told reporters last Wednesday night.
“So the next step, once we get a better handle on the data is to analyze the data and determine whether there are more macroprudential measures we need to introduce,” he added.
Asked if BSP is willing to raise the 20-percent cap on real estate exposure, Espenilla replied: “We cannot rule out those things but we need to also inform our policy measures properly.”
The limit is set by the central bank to avoid excessive bank lending to the real estate sector, which could trigger asset bubble formation, a situation when property prices soar that they do not reflect real market rates. Such is seen detrimental to economic growth.
As of the first semester, real estate exposure — the proportion of real estate loans to total loan portfolio — stood at 14.97 percent, up slightly from 14.26 percent a year ago but down from 15.19 percent in the first three months of the year.
In August, BSP released new methods to measure property exposure, which, among others, included bank investments that will later on finance real estate activities in the computation. This will be in addition to reports banks regularly submit, Espenilla said.
That data will give regulators a good view of “where we are right now,” he added, and then “based on what we see, then we have to craft the appropriate policy.”
“Remember, we have to balance because the economy needs to grow and the real estate is a legitimate investment area. So we do not really want to suppress it necessarily,” Espenilla said.
He stressed, however, that there are many ways to do it, and that raising the 20-percent limit is just one thing. “We can (also) redefine the formula being used,” he added.
Espenilla, however, was quick to point out that BSP would be vigilant in actions it will take as far as real estate lending is concerned.
“But again, I emphasize, we are not seeing at this point in time crisis in the property market. But I think it’s only prudent for the BSP to be vigilant and monitor things and that’s what we’re doing right now,” he stressed.
Source:
http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=858485
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